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[graphic] ADVISOR CLASS SHARES September 25, 2000
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SUPPLEMENT
TO THE April 29, 2000 PROSPECTUS
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This supplement provides new and additional information beyond that contained in
the prospectus, and should be read in conjunction with such prospectus.
Capitalized terms not defined herein should have the meanings set forth in the
prospectus.
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ACCESSOR FUNDS, INC. [logo]
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The Board of Directors of Accessor Funds, Inc. has approved a change in the
Dividends and Distributions policy. In connection with the policy change, the
following language is inserted in the following section of the Advisor Class
Prospectus:
On page 39, the following replaces the Dividends and Distributions section,
including the table in the section, it its entirety:
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DIVIDENDS AND DISTRIBUTIONS
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[Graphic] Dividends. Each Fund intends to distribute substantially all of its
net income from dividends, interest and other income (less expenses) from
investments to shareholders as dividends. The Fixed Income Funds normally pay
dividend distributions monthly. The Equity Funds normally pay dividend
distributions quarterly in March, June, September and December, with the
exception of International Equity Fund, which normally pays dividend
distributions annually in December.
[Graphic] Other Distributions. Each Fund intends to distribute substantially all
of its net realized long-and short-term capital gains and net realized gains
from foreign currency transactions (if any) to shareholders as capital gain
distributions. Each Fund normally pays capital gain distributions annually in
December, although a Fund may occasionally be required to make supplemental
distributions during the year.
[Graphic] Automatic Reinvestment of Dividends and other Distributions. All
dividends and other distributions on Advisor Class Shares of a Fund will be
automatically reinvested in additional Advisor Class Shares of that Fund unless
a shareholder elects to receive them in cash. Shareholders may alternatively
choose to invest dividends or other distributions in Advisor Class Shares of any
other Fund.
<PAGE>
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[graphic] INVESTOR CLASS SHARES September 25, 2000
--------------------------------------------------------------------------------
SUPPLEMENT
TO THE April 29, 2000 PROSPECTUS
--------------------------------------------------------------------------------
This supplement provides new and additional information beyond that contained in
the prospectus, and should be read in conjunction with such prospectus.
Capitalized terms not defined herein should have the meanings set forth in the
prospectus.
--------------------------------------------------------------------------------
ACCESSOR FUNDS, INC. [logo]
--------------------------------------------------------------------------------
The Board of Directors of Accessor Funds, Inc. has approved a change in the
Dividends and Distributions policy. In connection with the policy change, the
following language is inserted in the following section of the Investor Class
Prospectus:
On page 39, the following replaces the Dividends and Distributions section,
including the table in the section, it its entirety:
================================================================================
DIVIDENDS AND DISTRIBUTIONS
--------------------------------------------------------------------------------
[Graphic] Dividends. Each Fund intends to distribute substantially all of its
net income from dividends, interest and other income (less expenses) from
investments to shareholders as dividends. The Fixed Income Funds normally pay
dividend distributions monthly. The Equity Funds normally pay dividend
distributions quarterly in March, June, September and December, with the
exception of International Equity Fund, which normally pays dividend
distributions annually in December.
[Graphic] Other Distributions. Each Fund intends to distribute substantially all
of its net realized long-and short-term capital gains and net realized gains
from foreign currency transactions (if any) to shareholders as capital gain
distributions. Each Fund normally pays capital gain distributions annually in
December, although a Fund may occasionally be required to make supplemental
distributions during the year.
[Graphic] Automatic Reinvestment of Dividends and other Distributions. All
dividends and other distributions on Investor Class Shares of a Fund will be
automatically reinvested in additional Investor Class Shares of that Fund unless
a shareholder elects to receive them in cash. Shareholders may alternatively
choose to invest dividends or other distributions in Investor Class Shares of
any other Fund.
